Nokia Oyj (NYSE:NOK) Shares Bought by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. lifted its stake in Nokia Oyj (NYSE:NOK) by 7.1% in the 1st quarter, HoldingsChannel.com reports. The firm owned 32,534 shares of the technology company’s stock after buying an additional 2,170 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Nokia Oyj were worth $186,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. Keybank National Association OH increased its stake in Nokia Oyj by 5.8% during the 4th quarter. Keybank National Association OH now owns 42,333 shares of the technology company’s stock valued at $246,000 after purchasing an additional 2,326 shares in the last quarter. Creative Planning raised its position in shares of Nokia Oyj by 2.5% during the fourth quarter. Creative Planning now owns 79,848 shares of the technology company’s stock valued at $465,000 after buying an additional 1,917 shares during the last quarter. Janney Montgomery Scott LLC increased its position in Nokia Oyj by 3.1% in the fourth quarter. Janney Montgomery Scott LLC now owns 171,318 shares of the technology company’s stock worth $997,000 after purchasing an additional 5,160 shares during the last quarter. BB&T Securities LLC increased its position in Nokia Oyj by 21.1% in the fourth quarter. BB&T Securities LLC now owns 24,732 shares of the technology company’s stock worth $143,000 after purchasing an additional 4,309 shares during the last quarter. Finally, American Asset Management Inc. increased its position in Nokia Oyj by 8.4% in the fourth quarter. American Asset Management Inc. now owns 38,866 shares of the technology company’s stock worth $226,000 after purchasing an additional 3,000 shares during the last quarter. 7.75% of the stock is owned by hedge funds and other institutional investors.

A number of research analysts have weighed in on the stock. Zacks Investment Research upgraded shares of Nokia Oyj from a “sell” rating to a “hold” rating in a research report on Thursday, April 4th. ValuEngine upgraded shares of Nokia Oyj from a “sell” rating to a “hold” rating in a research report on Thursday, May 30th. TheStreet cut shares of Nokia Oyj from a “b-” rating to a “c+” rating in a research report on Wednesday, April 3rd. Goldman Sachs Group cut shares of Nokia Oyj from a “neutral” rating to a “sell” rating and set a $5.72 price objective on the stock. in a research report on Monday, April 15th. Finally, Nordea Equity Research cut shares of Nokia Oyj from a “buy” rating to a “hold” rating in a research report on Wednesday, March 20th. Four research analysts have rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the company. Nokia Oyj presently has a consensus rating of “Hold” and a consensus target price of $6.83.



Shares of NYSE:NOK traded down $0.05 during midday trading on Wednesday, reaching $5.11. 245,934 shares of the company’s stock were exchanged, compared to its average volume of 26,348,830. The company has a current ratio of 1.31, a quick ratio of 1.05 and a debt-to-equity ratio of 0.30. The company has a market capitalization of $28.07 billion, a price-to-earnings ratio of 18.91 and a beta of 0.27. Nokia Oyj has a fifty-two week low of $4.71 and a fifty-two week high of $6.65.

Nokia Oyj (NYSE:NOK) last released its earnings results on Thursday, April 25th. The technology company reported ($0.02) earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.05). The firm had revenue of $5.03 billion during the quarter, compared to analyst estimates of $5.12 billion. Nokia Oyj had a negative net margin of 2.65% and a positive return on equity of 6.97%. The business’s revenue was up 2.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.02 earnings per share. As a group, equities research analysts predict that Nokia Oyj will post 0.24 earnings per share for the current fiscal year.

WARNING: “Nokia Oyj (NYSE:NOK) Shares Bought by Northwestern Mutual Wealth Management Co.” was first reported by Dakota Financial News and is the property of of Dakota Financial News. If you are accessing this piece on another site, it was stolen and reposted in violation of U.S. and international copyright and trademark law. The original version of this piece can be read at https://dakotafinancialnews.com/2019/06/12/nokia-oyj-nysenok-shares-bought-by-northwestern-mutual-wealth-management-co.html.

Nokia Oyj Company Profile

Nokia Corporation engages in the network and technology businesses worldwide. The company operates in four segments: Ultra Broadband Networks, Global Services, IP Networks and Applications, and Nokia Technologies. It provides hardware, software, and services for telecommunications operators, enterprises, and related markets/verticals, including public safety and Internet of Things (IoT).

Recommended Story: Outstanding Shares, Buying and Selling Stocks

Want to see what other hedge funds are holding NOK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Nokia Oyj (NYSE:NOK).

Institutional Ownership by Quarter for Nokia Oyj (NYSE:NOK)

Receive News & Ratings for Nokia Oyj Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nokia Oyj and related companies with MarketBeat.com's FREE daily email newsletter.